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Can profits be determined accurately and objectively?

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dc.contributor.author Zondi SJ en
dc.date.accessioned 2016-09-22T09:16:18Z
dc.date.available 2016-09-22T09:16:18Z
dc.date.submitted 1972 en
dc.identifier.uri http://hdl.handle.net/20.500.11892/52087
dc.description.abstract According to the author of this discursive summation, "profit cannot be determined accurately and objectively" as the meaning of the concept of profit is uncertain; income and costs relate closely to the economic concept of value, which cannot be quantified accurately; the measurement of income and costs rests on accounting concepts, principles and conventions about which there is no complete agreement; and the discretion used by an accountant when preparing accounting statements cannot be isolated or excluded. Various definitions of profit are adduced, the concepts of income and costs are discussed, as are accounting conventions, and subjectivity on the part of accountants. en
dc.language English en
dc.subject Business administration / Business leadership en
dc.subject Financial management en
dc.title Can profits be determined accurately and objectively? en
dc.type Masters degree en
dc.description.degree MBA en


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